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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (7746)	2/11/1998 8:25:00 AM
From: lawrence smith	Respond to of 9164

thanks for the info. i am very familiar with that broken deal, i just never heard that term "sand prince" before. quite appropriate, whoever coined it. i am also painfull y aware of the high price this stock use to fetch. by the way, and don't shoot me for saying this, but good old terry alexander has actually understated the potential of this project by a factor of 10. i remember him raising the size of the pipeline from 50k to 75 k bopd. now it appears that a second pipeline is very feasible and the total capacity will be in the high 600k bopd.that is way down the road folks, but think BIG. multiple pipelines. billions of barrels of oil. huge cash flows.and maybe even high stock prices supported by dividends and stock buybacks.